6 July 2006GOLDSTAR APPROVES $5.2 MILLIONEXPENDITURE FOR EUREKA...

6 July 2006
GOLDSTAR APPROVES $5.2 MILLION
EXPENDITURE FOR EUREKA BULK
SAMPLING PROGRAM
· Positive Scoping Study completed confirming $5.2M cost estimate for Bulk
Sampling Program, well within budget expectations.
· 80% of costs associated with components that would be utilised as part of
future mining operations at Eureka.
· Civil works already 40% complete, with underground mining scheduled to
commence in September 2006 Quarter.
· Program includes installation of innovative Skipway haulage system, to play a
key role in future commercial development at Walhalla.
· Bulk Sampling Program to provide key grade, mining and metallurgical data
for development/exploitation of Eureka and other dyke bulges.

See full announcement.